Tag: foreclosure

Negotiating With Your Lender

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If the foundations of your financial world are crumbling inwardly, and the black words ‘foreclosure’ and ‘short sale’ are hanging heavy in your heart, you are not alone. There are local organizations that can help. Seek Help! Foreclosure feels like financial ruin, and even though you are out of energy, you must try everything you can … Continued

Zoning in Houston: A Blessing or A Curse?

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Zoning in Houston: A Blessing or A Curse? As compared to other major cities in the United States, the number of cheap homes and foreclosures in Houston Texas are comparatively less. Harris county, where Houston is located, has somehow restricted itself to the sidelines where the national foreclosure crisis is concerned. Houston foreclosure listings are not swelling with … Continued

What is a Pre-Foreclosure?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure anyway? Many homeowners across America and in your city or town are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution … Continued

Short Sale vs. Foreclosure – What’s the Difference?

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Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you stop making … Continued

How to stay in my home after foreclosure

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A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued
Understanding the Foreclosure Process in Charlotte NC - We Buy Houses

Understanding the Foreclosure Process?

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Understanding the foreclosure process in Charlotte… is an important part of navigating your own home foreclosure. Updated on May 14, 2017 Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just … Continued

Can I sell my house that’s in foreclosure?

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Do you have a house that’s in foreclosure right now? Many people going through the foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior to … Continued